PEYAX vs. PGOYX
PEYAX (Putnam Large Cap Value Fund) and PGOYX (Putnam Large Cap Growth Y) are both mutual funds - PEYAX is a Large Cap Value Equities fund managed by Putnam, while PGOYX is a Large Cap Growth Equities fund managed by Putnam. Over the past 10 years, PEYAX returned 13.34%/yr vs 17.23%/yr for PGOYX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. PEYAX charges 0.90%/yr vs 0.65%/yr for PGOYX.
Performance
PEYAX vs. PGOYX - Performance Comparison
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Returns By Period
In the year-to-date period, PEYAX achieves a 14.98% return, which is significantly higher than PGOYX's -0.51% return. Over the past 10 years, PEYAX has underperformed PGOYX with an annualized return of 13.34%, while PGOYX has yielded a comparatively higher 17.23% annualized return.
PEYAX
- 1D
- 1.26%
- 1M
- 2.62%
- 6M
- 11.16%
- YTD
- 14.98%
- 1Y
- 29.59%
- 3Y*
- 19.51%
- 5Y*
- 13.00%
- 10Y*
- 13.34%
- ALL TIME*
- 6.03%
PGOYX
- 1D
- 2.88%
- 1M
- -3.95%
- 6M
- 0.61%
- YTD
- -0.51%
- 1Y
- 7.36%
- 3Y*
- 17.94%
- 5Y*
- 10.39%
- 10Y*
- 17.23%
- ALL TIME*
- 7.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PEYAX vs. PGOYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEYAX Putnam Large Cap Value Fund | 14.98% | 20.09% | 18.99% | 15.09% | -8.37% | 26.84% | 5.87% | 29.94% | -8.63% | 18.79% |
PGOYX Putnam Large Cap Growth Y | -0.51% | 14.56% | 33.58% | 44.57% | -30.25% | 22.95% | 38.79% | 36.76% | 2.58% | 31.29% |
Correlation
The correlation between PEYAX and PGOYX is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1999 | 0.78 |
Over the past year, the correlation between PEYAX and PGOYX has dropped to 0.50 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
PEYAX vs. PGOYX — Risk / Return Rank
PEYAX
PGOYX
PEYAX vs. PGOYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund (PEYAX) and Putnam Large Cap Growth Y (PGOYX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PEYAX | PGOYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.06 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 0.33 | +3.44 |
| Martin ratioReturn relative to average drawdown | 14.94 | 0.98 | +13.96 |
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Drawdowns
PEYAX vs. PGOYX - Drawdown Comparison
The maximum PEYAX drawdown since its inception was -56.92%, smaller than the maximum PGOYX drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for PEYAX and PGOYX.
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Drawdown Indicators
| PEYAX | PGOYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -76.03% | +19.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -16.34% | +9.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -23.63% | +8.51% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -34.01% | +18.70% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | -34.01% | -2.05% |
Current DrawdownCurrent decline from peak | 0.00% | -9.37% | +9.37% |
Average DrawdownAverage peak-to-trough decline | -14.01% | -31.38% | +17.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 5.44% | -3.61% |
Volatility
PEYAX vs. PGOYX - Volatility Comparison
The current volatility for Putnam Large Cap Value Fund (PEYAX) is 3.08%, while Putnam Large Cap Growth Y (PGOYX) has a volatility of 6.34%. This indicates that PEYAX experiences smaller price fluctuations and is considered to be less risky than PGOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEYAX | PGOYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 6.34% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.43% | 14.44% | -6.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 18.03% | -6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 21.98% | -7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.01% | 21.33% | -4.32% |
PEYAX vs. PGOYX - Expense Ratio Comparison
PEYAX has a 0.90% expense ratio, which is higher than PGOYX's 0.65% expense ratio.
Dividends
PEYAX vs. PGOYX - Dividend Comparison
PEYAX's dividend yield for the trailing twelve months is around 4.58%, less than PGOYX's 5.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEYAX Putnam Large Cap Value Fund | 4.58% | 5.36% | 6.80% | 4.93% | 1.21% | 7.09% | 5.97% | 3.79% | 5.67% | 3.31% | 2.27% | 5.86% |
PGOYX Putnam Large Cap Growth Y | 5.26% | 5.23% | 4.25% | 0.46% | 7.30% | 8.55% | 3.12% | 3.65% | 7.92% | 2.05% | 0.02% | 5.78% |
Frequently Asked Questions
PEYAX and PGOYX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGOYX has higher volatility (6.34%) compared to PEYAX (3.08%). In terms of maximum drawdown, PEYAX dropped -56.92% vs PGOYX's -76.03%.
PEYAX currently has the higher Sharpe Ratio (2.47 vs 0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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